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Post Budget Reaction on Renewable Energy, EV and lithium Battery Industry

We received broad media coverage as Raman Bhatia, shared his insights on the Union Budget 2025, emphasizing India's push for Make in India and Clean Tech production.

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Post Budget Reaction on Renewable Energy, EV and lithium Battery Industry

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  1. >>> Swipetoreadreaction Post Reaction on RenewableEnergy, EV&LithiumBattery Industry RamanBhatia Founder&MD,ServotechPowerSystemsLtd.

  2. >>> Swipetoreadreaction Thefocuson incentivizingelectricitydistributionreforms andaugmentingtransmissioncapacityisacrucialstep towardsstrengtheningthepowersector,whichis fundamentalforthegrowthofrenewablesandEVs. Theinclusionof35additionalcapitalgoodsforEVbatterymanufacturingisasignificantboosttodomesticlithium-ionbatteryproduction,acriticalcomponentfortheEVsector. TheproposedNationalManufacturingMission,withitsfocus on "MakeinIndia"andcleantechmanufacturing, including solarPVcells,EVbatteries,andotherkeycomponents, signalsastrongcommitmenttosustainableindustrial development.

  3. >>> Swipetoreadreaction Iappreciatetheemphasisonimprovingdomesticvalue additionandbuildingourecosystemforthesecrucial technologies. Thesubstantialallocationforprivatesector-drivenR&Dand innovationisanotherwelcomemovethatwillfurther accelerateprogress. Thesebudgetannouncementscreateafavorable environmentforbusinesseslikeours,operatinginthe renewableenergy,EV,andmanufacturingsectors,andwill contributesignificantlytoIndia’scleanenergytransitionand economicgrowth.

  4. >>> Swipetoreadreaction Thisbudget willfurther enhance easeofdoingbusinessand attractforeigninvestment. India’s pushtobecomeself-reliantintheelectricmobility spacehasbeengainingmomentum,andthesetax exemptionsareexpectedtofurtheracceleratethegrowthof thedomesticbatterymanufacturingecosystem. Thescrappingofbasiccustomsdutyontheimportoflithium- ionbatteryscrapandcapitalgoods-orthemachineryusedtomanufacturelithium-ionbatteries-willstrengthenthe domesticbatterystorageecosystem.

  5. ThankYou 011-41183116 servotech@servotechindia.comwww.servotech.in

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